Hospitals - Zimbabwe

Zimbabwe

In Zimbabwe, the revenue in the Hospitals market is projected to reach US$385.20m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of -3.48%, resulting in a market volume of US$322.70m by 2029.
When compared globally, in the United States is expected to generate the highest revenue in the Hospitals market, reaching US$1,501.00bn in 2024.
In terms of per person revenues, in Zimbabwe, US$22.63 are generated in 2024.
Despite facing challenges such as limited resources and outdated infrastructure, Zimbabwean hospitals are making strides in improving healthcare access and quality through innovative approaches.

Key regions: United States, China, Germany, Japan, Europe

Market

Region

Region comparison

Currency

Analyst Opinion

The healthcare industry in Zimbabwe has been facing challenges due to political and economic instability. Despite this, the Hospitals market in Zimbabwe has been developing in recent years.

Customer preferences: Zimbabweans have a high demand for quality healthcare services. Due to the shortage of healthcare facilities in the country, patients often have to travel long distances to access medical care. As a result, there is a growing preference for hospitals that offer a wide range of medical services under one roof. Patients also prefer hospitals that have modern medical equipment and highly skilled medical personnel.

Trends in the market: The Hospitals market in Zimbabwe has been growing due to the increasing demand for medical services. Private hospitals have been leading the growth as they offer better quality services compared to public hospitals. Private hospitals have been investing in modern medical equipment and highly skilled medical personnel to attract more patients. There has also been a growing trend of medical tourism, where patients from neighboring countries come to Zimbabwe for medical treatment.

Local special circumstances: The healthcare industry in Zimbabwe has been facing challenges due to political and economic instability. The shortage of foreign currency has made it difficult for hospitals to import medical equipment and drugs. The shortage of medical personnel has also been a challenge, as many doctors and nurses have emigrated to other countries in search of better opportunities. The government has been trying to address these challenges by investing in the healthcare sector and offering incentives for medical personnel to stay in the country.

Underlying macroeconomic factors: The Hospitals market in Zimbabwe has been influenced by macroeconomic factors such as inflation and foreign currency shortages. The high inflation rate has made it difficult for hospitals to maintain their operations and invest in modern medical equipment. The shortage of foreign currency has also made it difficult for hospitals to import medical equipment and drugs. The government has been implementing policies to address these challenges, such as introducing a foreign currency auction system to increase the availability of foreign currency.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.